Earnings summaries and quarterly performance for TrueCar.
Executive leadership at TrueCar.
Board of directors at TrueCar.
Research analysts who have asked questions during TrueCar earnings calls.
Christopher Pierce
Needham & Company
4 questions for TRUE
Also covers: ACHR, ACVA, AUR +12 more
Marvin Fong
BTIG, LLC
3 questions for TRUE
Also covers: ATER, CARG, CARS +10 more
Naved Khan
B. Riley Securities
3 questions for TRUE
Also covers: ABNB, ACVA, BKNG +13 more
Rajat Gupta
JPMorgan Chase & Co.
3 questions for TRUE
Also covers: ABG, ACVA, AN +10 more
RM
Ryan Meyers
Lake Street Capital Markets
3 questions for TRUE
Also covers: AKA, BARK, FTLF +12 more
TW
Thomas White
D.A. Davidson & Co.
2 questions for TRUE
Also covers: ABNB, BKNG, CARS +5 more
JP
Jash Patwa
JPMorgan Chase & Co.
1 question for TRUE
Also covers: CAR, CPRT, INVZ +2 more
Ryan Pfingst
B. Riley Securities
1 question for TRUE
Also covers: AMPX, AMRC, ASPN +8 more
TW
Tom White
D.A. Davidson & Co.
1 question for TRUE
Also covers: CARG, CARS, CRTO +2 more
WS
Wyatt Swanson
D.A. Davidson & Co.
1 question for TRUE
Also covers: CARG, DUOL, EXPI +2 more
Recent press releases and 8-K filings for TRUE.
TrueCar Stockholders Approve Acquisition by Fair Holdings
TRUE
M&A
Proxy Vote Outcomes
Takeover Bid
- TrueCar, Inc. stockholders approved the acquisition by Fair Holdings, Inc. at a Special Meeting held on December 22, 2025.
- Under the terms of the agreement, TrueCar stockholders will receive $2.55 in cash for each share.
- The transaction is anticipated to close in January 2026.
- The Merger Proposal was approved with 69,723,284 votes For.
1 day ago
TrueCar Stockholders Approve Acquisition by Fair Holdings
TRUE
M&A
Takeover Bid
Proxy Vote Outcomes
- TrueCar stockholders have approved the acquisition of the company by Fair Holdings, Inc., an entity led by TrueCar founder Scott Painter.
- Upon the closing of the transaction, TrueCar stockholders will receive $2.55 in cash for each share of TrueCar owned.
- The transaction is expected to close in January 2026, subject to the satisfaction of other closing conditions.
1 day ago
TrueCar: Independent Proxy Firms Recommend "FOR" Fair Holdings Transaction
TRUE
M&A
Proxy Vote Outcomes
Takeover Bid
- Independent proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis & Co., LLC (Glass Lewis) have recommended that TrueCar stockholders vote "FOR" the Company's pending transaction with Fair Holdings, Inc.
- The transaction is with Fair Holdings, Inc., an entity led by TrueCar founder Scott Painter.
- A Special Meeting of Stockholders to vote on the transaction is scheduled for December 22, 2025.
- The transaction is expected to close in the fourth quarter of 2025 or early 2026, subject to stockholder approval and other closing conditions.
Dec 16, 2025, 1:45 PM
TrueCar, Inc. Provides Update on Merger Agreement and Shareholder Vote
TRUE
M&A
Proxy Vote Outcomes
- TrueCar, Inc. entered into a Merger Agreement on October 14, 2025, with Fair Holdings, Inc., led by TrueCar founder Scott Painter and backed by Alpha Auto 2, LLC.
- A special meeting of TrueCar's stockholders is scheduled for December 22, 2025, to consider and vote on the approval and adoption of the Merger Agreement.
- Auto Holdings, LLC, which beneficially owned approximately 6.0% of TrueCar's common stock as of December 3, 2025, has agreed to vote its shares in favor of the Merger Agreement.
Dec 12, 2025, 10:22 PM
TrueCar Announces Q3 2025 Results and Pending Go-Private Acquisition
TRUE
Earnings
M&A
Delisting/Listing Issues
- TrueCar reported total revenue of $43.2 million and net income of $5.0 million, or $0.06 per share, for the third quarter ended September 30, 2025.
- The company also reported Adjusted EBITDA of $(0.4) million, Cash Flow from Operations of $12.7 million, and Free Cash Flow of $11.2 million for Q3 2025.
- As of September 30, 2025, TrueCar held $103.2 million in cash and cash equivalents on its balance sheet.
- On October 15, 2025, TrueCar announced a definitive agreement for Fair Holdings, Inc. to acquire the company in an all-cash go-private transaction at $2.55 per share.
- The acquisition is expected to close in the fourth quarter of 2025 or early 2026, and TrueCar will not host an earnings conference call or provide forward-looking guidance due to the pending transaction.
Nov 5, 2025, 10:02 PM
TrueCar Announces Q3 2025 Results and Pending Acquisition
TRUE
Earnings
M&A
Delisting/Listing Issues
- TrueCar reported total revenue of $43.2 million for the third quarter ended September 30, 2025, which is down from $47.0 million in the second quarter of 2025 and $46.5 million in the third quarter of 2024.
- The company achieved net income of $5.0 million, or $0.06 per share, in Q3 2025, compared to a net loss of $(7.6) million in Q2 2025 and $(5.8) million in Q3 2024.
- Adjusted EBITDA for Q3 2025 was $(0.4) million, with Cash Flow from Operations at $12.7 million and Free Cash Flow at $11.2 million.
- TrueCar announced a definitive agreement for Fair Holdings, Inc. to acquire the company in an all-cash go-private transaction at $2.55 per share, which is expected to close in the fourth quarter of 2025 or early 2026.
Nov 5, 2025, 9:05 PM
TrueCar Investigated by Ademi Firm Over Lone Star Funds Transaction
TRUE
Legal Proceedings
M&A
Takeover Bid
- The Ademi Firm is investigating TrueCar (Nasdaq: TRUE) for possible breaches of fiduciary duty and other violations of law in connection with its transaction with Lone Star Funds.
- TrueCar shareholders are expected to receive $2.55 per share, which represents an equity value of approximately $227 million.
- The investigation is examining the conduct of TrueCar's board of directors, specifically concerning a transaction agreement that includes a significant penalty for competing bids and provides substantial benefits to TrueCar insiders.
Oct 15, 2025, 5:00 PM
TrueCar to Go Private in $227 Million Buyout
TRUE
M&A
Delisting/Listing Issues
Takeover Bid
- TrueCar is set to go private through an all-cash acquisition deal valued at approximately $227 million, led by its founder Scott Painter, who will return as CEO upon completion.
- The acquisition price of $2.55 per share represents a 72% premium over TrueCar's closing stock price prior to the announcement.
- The transaction is expected to close by late 2025 or early 2026 and will result in TrueCar's shares being delisted from Nasdaq.
- TrueCar's largest collective stockholder, Caledonia, has committed to vote in favor of the acquisition, despite the company's current financial distress indicated by an Altman Z-Score of -2.41.
Oct 15, 2025, 2:25 PM
TrueCar to be Acquired by Fair Holdings in All-Cash Transaction
TRUE
M&A
Takeover Bid
Delisting/Listing Issues
- TrueCar, Inc. entered into an Agreement and Plan of Merger with Fair Holdings, Inc. and Rapid Merger Subsidiary, Inc. on October 14, 2025.
- Under the terms of the merger, each outstanding share of TrueCar common stock will be converted into the right to receive $2.55 in cash.
- The Board of Directors of TrueCar unanimously approved the merger and recommends that the company's stockholders vote to approve and adopt the agreement.
- The agreement includes a 30-day "Go-Shop Period" following execution, ending at 11:59 p.m. (Pacific Time) on November 13, 2025, during which TrueCar and its representatives can solicit competing acquisition proposals.
- Upon the closing of the merger, TrueCar's stock will be delisted from Nasdaq and deregistered under the Securities Exchange Act of 1934.
Oct 15, 2025, 12:57 PM
TrueCar to Be Acquired in Go-Private Transaction
TRUE
M&A
CEO Change
Takeover Bid
- TrueCar announced it has entered into a definitive agreement to be acquired by Fair Holdings, Inc., an entity led by TrueCar founder Scott Painter, in an all-cash, go-private transaction.
- TrueCar stockholders will receive $2.55 per share in cash, which represents an equity value of approximately $227 million based on current basic shares outstanding.
- Upon completion of the transaction, Scott Painter will return as Chief Executive Officer.
- The transaction is expected to close in the fourth quarter of 2025 or early 2026 and includes a 30-day "go-shop" period expiring on November 13, 2025.
Oct 15, 2025, 12:45 PM
Quarterly earnings call transcripts for TrueCar.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more